Crypto and digital asset exchange CrossTower has launched a perpetual futures trading option through its Bermuda digital exchange.
“Perpetual futures provides investors critical tools that can facilitate and shape their investment objectives,” CrossTower Co-founder and CEO Kapil Rathi said. “The advantages of perpetual futures trading are truly compelling for portfolio construction, and we are thrilled to be contributing to the maturation of the digital asset ecosystem. CrossTower is developing cutting-edge trading products, and we are excited to be at the forefront of innovation.”
Perpetual futures are derivatives contracts not limited to a predetermined expiration date and enable CrossTower’s customer base to take long and/or short positions, consistent with portfolio and risk objectives.
Amid the Global Pro platform, perpetual futures trading is offered to qualified clients, with CrossTower anticipating offering perpetual futures trading in 20 top name tokens in the next few weeks.
CrossTower enables customers to reap the benefits of crypto assets through a platform supported by advanced technology while offering a low-cost trading model with superior execution based on unparalleled capital markets expertise.
The firm posted record trading volume during the fourth quarter of 2021, detailing volume expanded over 600 percent from the prior year and over 100 percent from the prior quarter.